Archive · 2 Sep 2025
Unsecured Lending Anticipates Festive Season Surge with GST, UPI Tailwinds
Fintech companies are expecting more people to take out personal loans during the upcoming holiday season.
This is because people's incomes are steady, and they are comfortable borrowing digitally.
Changes to taxes (GST) could make things cheaper, encouraging spending.
Also, using credit cards through UPI (a payment system) is making it easier for people to borrow.
All these factors suggest that this holiday season could be a big one for personal loans.
Fintechs report stronger demand for personal loans and credit-on-UPI transactions.
Stable incomes and digital borrowing are creating favorable conditions.
GST changes may encourage spending.
UPI credit is enabled through RuPay credit cards.
Festive season is expected to drive a surge in consumer spending.
- Who
- Fintechs
- What
- Anticipating surge in unsecured lending
- When
- Festive season
- Where
- India
- Why
- Due to increased consumer spending
- Key Drivers of Demand
- Stable incomes, GST changes, digital borrowing
- Expected Growth
- Sharpest rebound for unsecured lending this festive season
- Impact of GST
- Potential for increased consumer spending
- Credit on UPI
- Through RuPay credit cards
- Examples of Festive Categories
- Electronics, appliances, essential goods, travel, gadgets
